BKG Exhibitions Nigerian Limited has said the eighth Lagos Motor Fair will focus on the development of auto spare parts.
A statement by the firm on Tuesday quoted the Chairman of the event’s organising committee, Mr. Ifeanyichukwu Agwu, as saying this, adding that all strategies had been deployed to ensure that the fair received the needed attention from participants as well as visitors.
He said, “Strategically, as we did last year, we are laying more emphasis on the spare parts sector in this edition. This is as a result of our guided intention to enhance the development of cottage industries in the spare parts sub-sector of the automotive business sector of the economy with the attendant multiplier effects on the economy of the nation.
“Our target is to attract many reputable original equipment manufacturers of spare parts across the globe to participate in this edition as well as in subsequent ones.”
He added that it was designed to ensure that the attendant benefits of such developments were fully tapped and unleashed into the economy.
Agwu stressed that the event would be packaged to ensure that both participants and visitors maximise fully the benefits and potential that abound in the Nigerian automotive and road transport sectors.
According to him, this is aimed at fast tracking the development of the sectors.
He said, “This edition will bring out all the potential and investment opportunities that abound in the Nigerian automobile industry, which we know are very attractive so that the existing and potential stakeholders will utilise the opportunities offered by Lagos Motor Fair to get the best,” he said.
The event, he disclosed, was being organised in conjunction with its foreign partners, Senexpo International Fairs Inc of Turkey.
The BKG boss said the firm had reached out to many foreign companies and declared, “Happily, the response has been tremendous and we are expecting close to 150 of them.”
He explained the intention of bringing the foreign firms to Lagos, which he described as the hub of automotive business in West Africa.
He said, “It is to enable Nigerians and neighbouring West Africans engaged in auto spare business work out rewarding and lasting business relationships with the main companies engaged in the manufacture of auto spare parts.
“These relationships, which can come in the form of sole agencies, distributorship, and manufacturer’s representatives, amongst others, will ultimately boost their businesses.
“It would save them the trouble of going abroad to seal such business deals and most importantly it will bring these foreign companies into the country, resulting in increased activities in the sector, more productions and increased products lines and qualities; which will in both the short and long runs rub off positively on the sector.”